Socialism cannot compete!

Dow Remains Resilient Despite Calls for a Correction

I would also note that Big Government is gaining at the expense of capitalism and Main Street. When you cite Wall Street gaining, that's not really true -- keep in mind that corporations are a dichotomy: a few at the top really gain from this propping-up and pillaging of the people; but the bulk of those who work at corporations are middle-class, and are worse off for what is happening, the same as are working-class folks in small businesses. Big Government is the one thing that keeps grabbing more power and a bigger share of the financial pie no matter what. Until we limit the role of government in our lives, the average worker will not be able to keep more of what they earn!


On Nov 10 01:27 PM chris coonan wrote:

> Sorry, Wall Street is gaining at the expense of Main Street, so my
> forecasts are down from here.

Dow Remains Resilient Despite Calls for a Correction

"...our sense is that economist Joseph Schumpeter’s notion of “creative destruction” will play once again. One can actually see it at work as labor and capital are moving from dying industries to growing industries like electric cars, biotechnology, green companies, infrastructure, etc."

Heh. Creative destruction of what and by whom??? That is the question! The socialists currently in power are creatively destroying capitalism and Liberty in this land. The movement of labor and capital that you see are real...but these movements are not due to free markets allocating where the best opportunities are, but rather, to where these socialist thugs are forcing them to. That will *not* yield the same beneficial effect that free market "creative destruction" does -- instead, it will yield inefficiencies, misallocation (meaning disruptions to supply and demand) that result in shortages of some goods/services and excesses of others, and general lack of incentive among producers who are increasingly deprived of the natural market for their labors.

Wall Street Breakfast: Must-Know News

I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


On Jul 30 08:03 AM doubleguns wrote:

> "defer [payment of] the money owed to a later time when, hopefully,
> home values have improved."
>
> This sounds like if values don't rise you dont make payments. I am
> sure that would prevent forclosures but at what cost. I dont mind
> to defer the payments but it has to be some reasonable period of
> time not "when the home values have improved."

Wall Street Breakfast: Must-Know News

[quote]
New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
[end quote]

Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!

20 Top High-Dividend Growth Stocks

How about REITs, since they are incentivized to pay dividends by the fact that they do not pay corporate tax on money paid out as dividends. I am long NLY for the great dividend, and with rates looking to be held steady for another 6 to 12 months, NLY is going to have a great year ahead!